Rail transport

Asia Pacific Dominates the Traction Motor Market, Fueled by Infrastructure Investments and Electric Vehicle Production

Retrieved on: 
Tuesday, September 12, 2023
Torque, Growth, Transport, USD, Geography, Rail transport

Traction motors are electric motors used to propel various types of vehicles, including locomotives, electric or hydrogen cars, electric multiple units, elevators, and roller coasters.

Key Points: 
  • Traction motors are electric motors used to propel various types of vehicles, including locomotives, electric or hydrogen cars, electric multiple units, elevators, and roller coasters.
  • The market is expected to grow due to rising demand for high-performance electric traction motors, government regulations and subsidies supporting electric vehicles, and an increase in railway electrification projects.
  • Growing demand for electric vehicles and increased construction investments are expected to drive demand for traction motors.
  • Asia Pacific Dominance: The Asia Pacific region is expected to dominate the market due to increased construction investments and the production of electric vehicles for transportation.

Align Production Systems Partners with Kollmorgen to Advance AGV Technology

Retrieved on: 
Tuesday, September 12, 2023
AGV, Partnership, APS, Lidar, Safety, Automation, Surveying, Rail transport, Sales, L. S. Kollmorgen

Both Align Production Systems and Kollmorgen are committed to pushing the boundaries of AGV vehicle technology to ensure the future of AGVs is beneficial to customers.

Key Points: 
  • Both Align Production Systems and Kollmorgen are committed to pushing the boundaries of AGV vehicle technology to ensure the future of AGVs is beneficial to customers.
  • Jason Stoecker, CEO of Align Production Systems, expressed his excitement about the collaboration: "Our partnership with Kollmorgen marks a pivotal moment in the AGV technology for heavy industry.
  • Both Align Production Systems and Kollmorgen are committed to pushing the boundaries of AGV vehicle technology to ensure the future of AGVs is beneficial to customers.
  • For more information about the partnership or to explore their innovative AGV solutions offered by Align Production Systems, please visit alignproductionsystems.com/agv.

Report: US Vehicle Electrification Will Be a Protracted, Decades-Long Process

Retrieved on: 
Tuesday, September 12, 2023
Maintenance, The Conference Board, Hydrogen, Fugitive emission, Policy, Tax, Gasoline, Electricity, Light, GHG, HTF, VMT, EVS, Parity, Investment, Risk, Highway Trust Fund, Conference, Automotive industry, Renewable energy, Rail transport, EV

NEW YORK, Sept. 12, 2023 /PRNewswire/ -- In 2022, the share of electric vehicles (EVs) sold in the US hit a record high of nearly 6%. A new study from The Conference Board projects that even if new EV sales rise gradually to 100% by 2040, 40% of all cars and trucks on the road in 2040 might still be powered by fossil fuels.

Key Points: 
  • According to The Future of US Vehicle Electrification and GHG Emissions , businesses must be prepared to manage their operations in a bifurcated and rapidly changing market environment.
  • "EV adoption is set to surge in the coming decade, but new vehicle sales tell only part of the story," said Alex Heil, Senior Economist at The Conference Board.
  • "Americans are holding on to their cars longer than they once did, with the average age of light vehicles exceeding 12 years in 2022.
  • The transition to EVs will create a bifurcated transportation fuel system that persists for at least the next three decades.

AAM Named PACEpilot Finalist for Innovative Electric Drive Technology

Retrieved on: 
Tuesday, September 12, 2023
Automotive News, Engine, American Axle, AAM, PACE, Integration, AXL, NYSE, Rail transport

DETROIT, Sept. 12, 2023 /PRNewswire/ -- American Axle & Manufacturing (AAM), (NYSE: AXL) has been named a 2023 Automotive News PACEpilot Award finalist for its innovative Electric Beam Axle with High-speed Motor and Integrated Inverter Driveline Technology.

Key Points: 
  • DETROIT, Sept. 12, 2023 /PRNewswire/ -- American Axle & Manufacturing (AAM), (NYSE: AXL) has been named a 2023 Automotive News PACEpilot Award finalist for its innovative Electric Beam Axle with High-speed Motor and Integrated Inverter Driveline Technology.
  • "AAM is honored to again be selected as a finalist for the Automotive News PACEpilot program," said David C. Dauch, AAM Chairman and Chief Executive Officer.
  • "AAM is committed to the development of new technologies that reduce emissions and support the transition to electrification.
  • AAM has developed a high-speed electric drive with integrated inverter delivering significantly lower mass than competing designs.

ZOOZ Power announces first site in the US, where fast-charging for EVs is supported by the ZOOZTER™-100

Retrieved on: 
Tuesday, September 12, 2023
Scotchman, EV, LaGuardia Airport, Financial regulation, New York Power Authority, Risk, SAT, ABM, EVS, TEL, Vehicle registration plates of Nepal, Pilot Project on Children used by adults in the commission of crime, TASE, Timeline of reactions to the Hong Kong national security law (June 2021), Better Place (company), Rail transport, Aircraft pilot

ZOOZ Power and its partners have successfully completed the Site Acceptance Tests (SAT) on Thursday, September 7th, 2023, and a run-in period of several weeks began.

Key Points: 
  • ZOOZ Power and its partners have successfully completed the Site Acceptance Tests (SAT) on Thursday, September 7th, 2023, and a run-in period of several weeks began.
  • This is a significant milestone as we accelerate our penetration into the U.S. market.
  • We recently announced a pilot installation at New York's LaGuardia Airport and additional pilot projects with the New York Power Authority and a large car rental agency.
  • Our collaboration with reputable large-scale U.S.-based companies strengthens our position as the industry's trailblazer."

ARC Group invests US $1.5 million in Swedish/Singaporean Electric Vehicle company UNITI

Retrieved on: 
Tuesday, September 12, 2023
Lund University, Electric vehicle industry in China, EV, Electric vehicle, ARC, FundedByMe, US, COVID-19, Bankruptcy, Rail transport, Cryptocurrency, Management

STOCKHOLM, Sept. 12, 2023 /PRNewswire/ -- ARC Group proudly announces our $1.5 million investment in UNITI, the Electric Vehicle (EV) company set to redefine the urban car market.

Key Points: 
  • STOCKHOLM, Sept. 12, 2023 /PRNewswire/ -- ARC Group proudly announces our $1.5 million investment in UNITI, the Electric Vehicle (EV) company set to redefine the urban car market.
  • UNITI was founded in 2016 at Lund University in Sweden and gained media attention almost immediately as the company set out to transform the automobile industry.
  • With other electric vehicles still built on older automotive combustion engine standards, UNITI envisioned a new car with all components redesigned to an electrical reality.
  • ARC Group has invested US$ 1.5 million in the newly restructured company.

Autosled Announces Product Upgrades, Including Quick Pay, For Increased Vehicle Transport Efficiency

Retrieved on: 
Tuesday, September 12, 2023
IOS, Quality of life, Digital technology, Travel, Running, Car dealership, Rail transport

ROCKVILLE, Md., Sept. 12, 2023 /PRNewswire-PRWeb/ -- Autosled, a leading provider of digital technology for vehicle logistics, announced that it has released multiple product improvements for its nationwide vehicle transport and logistics platform. As a disruptor in the mobility and digital logistics space with a proven track record of excellence, Autosled is constantly improving upon its existing products and infrastructure.

Key Points: 
  • ROCKVILLE, Md., Sept. 12, 2023 /PRNewswire-PRWeb/ -- Autosled, a leading provider of digital technology for vehicle logistics, announced that it has released multiple product improvements for its nationwide vehicle transport and logistics platform.
  • The most recent product rollouts improve functionality for transporter teams within the Autosled network.
  • This allows drivers to drop off a vehicle, receive payment for that vehicle- sometimes while still on the lot- and quickly move on to the next shipment.
  • Drivers are happier and more likely to pick up or drop off a dealership's vehicles anytime, anywhere with Autosled.

Alert: Greenland Technologies Wins Bid from Maryland's Port of Baltimore

Retrieved on: 
Tuesday, September 12, 2023
Maintenance, Port of Baltimore, Agriculture, Waste management, Government, Growth, Safety, Rail transport

Maryland's Port of Baltimore generates about 15,300 direct jobs, with nearly 140,000 jobs overall linked to Port activities.

Key Points: 
  • Maryland's Port of Baltimore generates about 15,300 direct jobs, with nearly 140,000 jobs overall linked to Port activities.
  • The Port is first among the nation's ports for autos and light truck volume, roll on/roll off farm and construction machinery and imported gypsum.
  • The Port is responsible for nearly $3.3 billion in personal wages and salaries, $2.6 billion in business revenue and $395 million in state and local tax revenue annually.
  • We are progressing to plan and benefit from new opportunities, like Maryland's Port of Baltimore, as more and more government entities and companies seek to electrify their equipment.

floLIVE Closes on $47M as Demand for its Unique Hyperlocal Global Network Surges

Retrieved on: 
Tuesday, September 12, 2023
Qualcomm Ventures, Internet of things, Original equipment manufacturer, API, Monolithic kernel, Investment, IOT, Mobile network operator, Growth, LPWA, ESIM, TCO, Economics, Rail transport, Cryptocurrency, Mobile phone

LONDON, Sept. 12, 2023 /PRNewswire/ -- floLIVE, creator of the world's first and largest hyperlocal global cellular network and a leading provider of global connectivity, network and Connectivity Management Platforms for IoT, announced today that it has raised $47M in a Series C round of funding. The round was co-led by Greenfield Partners and existing investor 83North, with Qualcomm Ventures, Dell Technologies Capital, Saban Ventures, and Hazelnut Partners participating in the round.

Key Points: 
  • The global connectivity market has dramatically changed over the last few years, with OEMs and global enterprises becoming more knowledgeable and more demanding in their global IoT connectivity needs.
  • floLIVE's unique hyperlocal global network spans across all continents and offers localized connectivity in a streamlined manner.
  • With floLIVE, clients enjoy full management, control and visibility of every network element while supporting all use cases - from one carrier-grade global platform.
  • "We have already transformed the landscape of global IOT connectivity with our hyperlocal, global platform that addresses the needs of both OEMs and MNOs.

floLIVE Closes on $47M as Demand for its Unique Hyperlocal Global Network Surges

Retrieved on: 
Tuesday, September 12, 2023
Qualcomm Ventures, Internet of things, Original equipment manufacturer, API, Monolithic kernel, Investment, IOT, Mobile network operator, Growth, LPWA, ESIM, TCO, Economics, Rail transport, Cryptocurrency, Mobile phone

LONDON, Sept. 12, 2023 /PRNewswire/ -- floLIVE, creator of the world's first and largest hyperlocal global cellular network and a leading provider of global connectivity, network and Connectivity Management Platforms for IoT, announced today that it has raised $47M in a Series C round of funding. The round was co-led by Greenfield Partners and existing investor 83North, with Qualcomm Ventures, Dell Technologies Capital, Saban Ventures, and Hazelnut Partners participating in the round.

Key Points: 
  • The global connectivity market has dramatically changed over the last few years, with OEMs and global enterprises becoming more knowledgeable and more demanding in their global IoT connectivity needs.
  • floLIVE's unique hyperlocal global network spans across all continents and offers localized connectivity in a streamlined manner.
  • With floLIVE, clients enjoy full management, control and visibility of every network element while supporting all use cases - from one carrier-grade global platform.
  • "We have already transformed the landscape of global IOT connectivity with our hyperlocal, global platform that addresses the needs of both OEMs and MNOs.